111 Capital Invests $851,000 in The Kroger Co. $KR

111 Capital bought a new position in The Kroger Co. (NYSE:KR) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 11,863 shares of the company’s stock, valued at approximately $851,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Accent Capital Management LLC bought a new stake in shares of Kroger in the 1st quarter worth about $25,000. SOA Wealth Advisors LLC. increased its position in shares of Kroger by 6,840.0% in the 2nd quarter. SOA Wealth Advisors LLC. now owns 347 shares of the company’s stock worth $25,000 after purchasing an additional 342 shares during the last quarter. Garde Capital Inc. bought a new stake in shares of Kroger in the 1st quarter worth about $31,000. Capital Analysts LLC bought a new stake in shares of Kroger in the 1st quarter worth about $36,000. Finally, Sound Income Strategies LLC grew its position in shares of Kroger by 46.7% during the 1st quarter. Sound Income Strategies LLC now owns 550 shares of the company’s stock valued at $37,000 after buying an additional 175 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Kroger Price Performance

NYSE KR opened at $66.30 on Friday. The Kroger Co. has a 52 week low of $54.88 and a 52 week high of $74.90. The company has a current ratio of 0.95, a quick ratio of 0.54 and a debt-to-equity ratio of 1.85. The stock has a market cap of $43.93 billion, a price-to-earnings ratio of 16.83, a price-to-earnings-growth ratio of 1.93 and a beta of 0.57. The company has a 50-day moving average price of $68.75 and a two-hundred day moving average price of $69.00.

Kroger (NYSE:KR) last posted its earnings results on Thursday, September 11th. The company reported $1.04 EPS for the quarter, topping the consensus estimate of $1.00 by $0.04. The firm had revenue of $33.94 billion during the quarter, compared to analysts’ expectations of $34.08 billion. Kroger had a net margin of 1.86% and a return on equity of 32.62%. Kroger’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.93 EPS. Kroger has set its FY 2025 guidance at 4.700-4.800 EPS. Analysts forecast that The Kroger Co. will post 4.44 EPS for the current year.

Kroger Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be issued a $0.35 dividend. The ex-dividend date is Friday, November 14th. This represents a $1.40 annualized dividend and a dividend yield of 2.1%. Kroger’s dividend payout ratio (DPR) is 35.53%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on KR shares. Barclays started coverage on shares of Kroger in a research report on Monday, July 21st. They set an “equal weight” rating and a $75.00 price objective for the company. Roth Capital raised shares of Kroger from a “neutral” rating to a “buy” rating and set a $75.00 price objective for the company in a research report on Wednesday, September 17th. Roth Mkm raised shares of Kroger from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $66.00 to $75.00 in a research report on Wednesday, September 17th. Guggenheim reaffirmed a “buy” rating and set a $78.00 price objective on shares of Kroger in a research report on Friday, September 12th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Kroger from $57.00 to $67.00 and gave the company a “hold” rating in a research report on Monday, June 23rd. Ten analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, Kroger currently has an average rating of “Moderate Buy” and a consensus price target of $73.63.

Insider Activity

In other news, Director Clyde R. Moore sold 26,814 shares of the stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $70.50, for a total value of $1,890,387.00. Following the completion of the transaction, the director directly owned 99,143 shares in the company, valued at $6,989,581.50. This trade represents a 21.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.44% of the stock is owned by company insiders.

Kroger Company Profile

The Kroger Co operates as a food and drug retailer in the United States. The company operates combination food and drug stores, multi-department stores, marketplace stores, and price impact warehouses. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; and multi-department stores provide apparel, home fashion and furnishings, outdoor living, electronics, automotive products, and toys.